FRANCHISED motor dealer Cambria has published its audited preliminary results for the year ended August 31, 2014 – and they reveal a continued improvement in the group’s operational and financial performance.
The figures show that revenue increased by 14 per cent to £450.1 million; underlying profit before tax rose by 32 per cent to £5.4 million and that profit before tax also improved – by 33 per cent to £5.3 million. This all resulted in earnings per share of 4.15p – an increase of 19 per cent.
The company, which has a brand portfolio incorporating marques such as Alfa Romeo, Citroen, Ford, Fiat and Dacia, reported a growth in new vehicle sales of 16.7 per cent – more than six per cent ahead of the market overall which is running at 10.6 per cent.
And the group’s brand portfolio was further mixed with the acquisition of the group’s first Land Rover dealership and sixth Jaguar dealership.
Mark Lavery, chief executive of Cambria, said: ‘The new financial year has started strongly with the group’s performance in the first two months being both ahead of our business plan and significantly ahead of the year under review.
‘I am pleased with the progress that we are making across our established businesses; I am excited about the potential of the newly-acquired Jaguar Land Rover business in Barnet; and I am confident that Cambria can maintain this momentum and deliver further improved performances across all its departments in the current financial year.’
Cambria’s medium-term ambition is to create a £1 billion turnover business, producing attractive returns on both capital and equity invested.